Is ONDO the Next Big Move? Wallets, Futures, ETF Say Yes

• ONDO daily new wallets quadrupled amid sharp price rally.
• Futures open interest near $600M signals bullish investor sentiment.
• 21Shares’ ETF filing highlights institutional interest in ONDO.

ONDO is witnessing renewed interest from traders and investors as key on-chain and futures metrics point to rising activity. Analyst Ali Martinez says the ONDO network saw a sharp uptick in new wallet addresses over the past week. 

Daily new addresses reached a high of 1,804 on July 23, 2025 more than four times the previous week’s average. This spike closely followed a price rally, with ONDO climbing from under $0.70 to $1.03 during July.

Glassnode data shows a clear correlation between the rise in wallet creation and price momentum. Analysts interpret the trend as an indicator of growing user interest and expanding adoption. 

ONDO Futures Open Interest Nears $600M

Meanwhile, Coinglass data shows ONDO’s future open interest approached $600 million by late July. This marks a strong rebound from March lows and suggests renewed interest from institutional and retail participants. ONDO’s price currently trades near $1.00, down 5.3% in the last 24 hours.

The open interest data reveals steady capital inflows, with green bars showing consistent growth alongside rising prices. Historical trends indicate that increasing open interest, especially during upward price movement, can precede potential breakouts. 

21Shares Files for ONDO Spot ETF

ETF issuer 21Shares has filed a proposal with the U.S. Securities and Exchange Commission to launch the “21Shares Ondo Trust.” The fund would directly hold ONDO tokens, enabling share creation and redemption in both cash and in-kind. Coinbase Custody has been designated to manage the token assets.

Despite the announcement, ONDO showed a muted price reaction. The token has still posted a 15% gain over the past week. The move by 21Shares highlights growing institutional interest in asset tokenization projects, particularly those connected to the ONDO ecosystem. Analysts note that such filings could support long-term visibility for the token if approved.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.